Empowered Funds LLC Has $3.83 Million Holdings in Stewart Information Services Co. (NYSE:STC)

Empowered Funds LLC trimmed its holdings in shares of Stewart Information Services Co. (NYSE:STC - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,810 shares of the insurance provider's stock after selling 28,492 shares during the period. Empowered Funds LLC owned 0.20% of Stewart Information Services worth $3,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Stewart Information Services by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 630,751 shares of the insurance provider's stock valued at $47,151,000 after buying an additional 8,597 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Stewart Information Services by 149.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 342,090 shares of the insurance provider's stock valued at $25,568,000 after buying an additional 204,688 shares during the last quarter. FMR LLC boosted its position in Stewart Information Services by 0.4% in the 3rd quarter. FMR LLC now owns 2,488,342 shares of the insurance provider's stock valued at $185,979,000 after buying an additional 8,853 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Stewart Information Services by 5.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,071 shares of the insurance provider's stock valued at $4,938,000 after buying an additional 3,272 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Stewart Information Services by 205.6% in the 4th quarter. SG Americas Securities LLC now owns 13,492 shares of the insurance provider's stock valued at $911,000 after buying an additional 9,077 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STC. Keefe, Bruyette & Woods upped their price objective on shares of Stewart Information Services from $74.00 to $75.00 and gave the company a "market perform" rating in a research report on Friday, February 7th. StockNews.com lowered shares of Stewart Information Services from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Stephens reaffirmed an "overweight" rating and set a $82.00 price target on shares of Stewart Information Services in a research report on Thursday, February 6th.

Stewart Information Services Stock Up 0.0 %

Shares of STC stock traded up $0.00 during trading hours on Friday, hitting $68.47. 114,956 shares of the company were exchanged, compared to its average volume of 195,539. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.94 and a current ratio of 1.86. Stewart Information Services Co. has a one year low of $58.23 and a one year high of $78.44. The business's 50-day simple moving average is $67.19 and its two-hundred day simple moving average is $70.22. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 26.34 and a beta of 1.23.

Stewart Information Services (NYSE:STC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. Stewart Information Services had a net margin of 2.94% and a return on equity of 6.81%. Sell-side analysts predict that Stewart Information Services Co. will post 6.29 EPS for the current fiscal year.

Stewart Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.92%. Stewart Information Services's dividend payout ratio is currently 76.92%.

Insiders Place Their Bets

In other Stewart Information Services news, Director Matthew Morris sold 12,899 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $74.12, for a total value of $956,073.88. Following the transaction, the director now owns 65,330 shares of the company's stock, valued at $4,842,259.60. This trade represents a 16.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.